One the Whole, _________ Are Active Partisans, Trying to Influence

question 18

Multiple Choice

One the whole, _________ are active partisans, trying to influence legislation at every stage.

• A) the homeless
• B) Communists
• C) labor unions
• D) the wealthy
• E) former presidents of the United States

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Definitions:

Equilibrium Quantity

The amount of products or services available that matches the amount sought after at the price where supply meets demand.

Socially Optimal

A condition in which resources are allocated in the most efficient way from the perspective of society as a whole.

Positive Externality

A beneficial effect experienced by a third-party or the society at large, as a result of an economic activity, that isn't reflected in the cost.

Garden

A planned space, usually outdoors, set aside for the display, cultivation, and enjoyment of plants and other forms of nature.